20th Jan 2021 21:22
Topps Tiles PLC - tile specialist - Says all of the resolutions proposed were duly passed by the requisite majority on a poll at its annual general meeting, except for resolutions 11 to 13. Topps Tiles notes that resolution 10 - regarding directors' authority to allot shares - was an ordinary resolution, passed with a majority of less than 80%, receiving votes in favour of 74.3%. Moreover, resolutions 11 and 12 - regarding dis-application of pre-emption rights - and resolution 13 - regarding authority to make market purchases of shares - were special resolutions requiring a 75% majority, did not receive sufficient support to be passed, receiving votes in favour of 74.4%, 74.3% and 74.4%, respectively. The company confirms that it will consult and engage with the relevant shareholders to understand and discuss their concerns with respect to these resolutions.
Current stock price: 60.00 pence, up 0.3% on Wednesday
Year-to-date change: up 4.2%
By Evelina Grecenko; [email protected]
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